Earnings ·
Reports Q3 net income of $12.6M, or $1.90 per diluted share
RRBIRed River Bancshares Inc
Red River Bancshares reported third-quarter 2026 net income of $12.6 million, or $1.90 per diluted common share, an increase of 6.8% from the prior quarter and 16.3% year-over-year. Net interest income rose $916,000 to $29.9 million, supported by higher earning asset balances and one additional accrual day, while the fully taxable equivalent net interest margin remained steady at 3.61%. Total assets grew 1.7% to $3.37 billion, driven by a $56.5 million increase in deposits to $2.96 billion and loans held for investment rising 2.6% to $2.32 billion. Nonperforming assets increased $3.0 million to $5.6 million due to one commercial relationship, though the provision for credit losses decreased to $500,000 from $750,000 in the previous quarter. The company paid a quarterly cash dividend of $0.25 per share and had no activity under its $10.0 million stock repurchase program during the period. Red River Bancshares is a bank holding company operating Red River Bank, providing commercial and retail banking services across Louisiana.